https://www.taxtmi.com/caselaws?id=290603 A document that records the end of a common venture, settlement of balances, assignment of the outstanding sum, and the parties' relinquishment of further interest may amount to a deed of dissolution only if the executants are individual proprietors. Partnership under Section 239 of the Contract Act exists only between persons capable of forming a statutory partnership, and a firm cannot be a partner in another firm for stamp purposes. Where the executants were firms, the transaction could not be treated as dissolution of partnership under Article 46-B of Schedule 1 of the Stamp Act; where the executants were sole owners, it could be so treated. en-us Wed, 27 Mar 1935 00:00:00 +0530 Tue, 06 Oct 2020 17:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290603 A document that records the end of a common venture, settlement of balances, assignment of the outstanding sum, and the parties' relinquishment of further interest may amount to a deed of dissolution only if the executants are individual proprietors. Partnership under Section 239 of the Contract Act exists only between persons capable of forming a statutory partnership, and a firm cannot be a partner in another firm for stamp purposes. Where the executants were firms, the transaction could not be treated as dissolution of partnership under Article 46-B of Schedule 1 of the Stamp Act; where the executants were sole owners, it could be so treated. Case-Laws Indian Laws Wed, 27 Mar 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290603